Investment Promotion and Financing Facility

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The Bangladesh Investment Promotion and Financing Facility Project makes available partial debt financing through private sector financial intermediaries for eligible, government-endorsed infrastructure projects to be developed by the private sector. The developmental goals reflect key priorities, namely accelerating private-sector led growth; supporting an integrated approach to rural development; and strengthening government and building institutions. The project consists of two components, a lending component and a technical assistance component. The former provides long term finance in Taka to qualifying financial intermediaries to lend to eligible, government-sponsored infrastructure projects developed by the private sector. The latter funds technical assistance to include: (a) Capacity building for Bangladesh Bank to develop its financial infrastructure for oversight over local markets and the sector (b) promoting private financing for infrastructure; and (c) implementing environmental impact assessments.